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Investors return strongly as Dubai property transactions hit 11-year high The Dubai 2040 Urban Master Plan will have a positive impact on real estate prices in the emirate, according to a leading industry expert. The master plan focuses on using available spaces within the limits of the current city and concentrates on development within existing urban areas. Under the plan, the land area used for...

UAE becomes world’s first country to produce aluminium using solar power This solar-powered aluminium will be supplied to global customers under the new product name of CelestiAL The UAE has become the world’s first country to produce aluminium using solar power. Under an agreement struck between the Dubai Electricity and Water Authority (DEWA) and Emirates Global Aluminium (EGA) on Monday, January...

UAE's Wizz Air announces first destination; fares start at Dh129 Wizz Air Abu Dhabi, the newest national airline of the UAE, has announced that Athens would be its inaugural destination. Flights from the Abu Dhabi International Airport will start on January 15, 2021 Fares start at Dh129. According to terms and conditions, this is a one-way fare, “including administration fee”. “One carry-on bag...

UAE's home ownership should be made accessible to all As 2020 unfolded, the world witnessed circumstances induced by the COVID-19. A global recession with a 5.2 per cent downturn hit the world. Soon, there were analyses citing 2020 as the worst meltdown since World War II. However, news of vaccines have brought back a ray of hope, and the negative impact is now being viewed as a short cycle that can be...

Investors return strongly as Dubai property transactions hit 11-year high Secondary market transactions in Dubai reached 18,345 last year. Investors and buyers cashed in on lower property prices in Dubai as the number of transactions jumped 20 percent to hit an 11-year high of 41,988 in 2019 as compared to 34,961 transactions in the previous year. Data released by Property Finder revealed that the...

UAE approves new 5-year tourist visa Sheikh Mohammed announced the new visa on Twitter on Monday Dubai: A five-year multiple-entry tourist visa system has been approved by the UAE Cabinet. His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai announced the new tourist visa system on Twitter. The new visa rule targets all nationalities...

Dubai Expo 2020 -What will be the impact on Dubai’s Real Estate Market? The countdown is on and the city is getting ready for the most prestigious event both in the UAE and globally, but as a real estate marketer what can we expect from Expo 2020? Don’t worry! Here is everything you need to know about this event. What is the World Expo? An Expo is an event that is dedicated to finding solutions to...